Great Depression
The Great Depression was a slump in the economy in the 1920's through the 1940's . Lots of people lost there jobs and the stock market crashed causing people to panic. On Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. The stock market seemed to be the quickest way to strike rich , but instead it becconsumers began to curb their spending, refraining from purchasing such things as luxury goods. This lack of consumer spending caused additional businesses to cut back wages or, more drastically, to lay off some of their workersame the quickest way to become bankrupt .
The Great Depression was a slump in the economy in the 1920's through the 1940's . Lots of people lost there jobs and the stock market crashed causing people to panic. On Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. The stock market seemed to be the quickest way to strike rich , but instead it becconsumers began to curb their spending, refraining from purchasing such things as luxury goods. This lack of consumer spending caused additional businesses to cut back wages or, more drastically, to lay off some of their workersame the quickest way to become bankrupt .